By Georgina Gustin
Economists are not using the word “bubble,” (so then why is this writer using the word “bubble“? — rm) even though the real estate picture in American farmland sort of looks like one. The federal reserve banks of Chicago and Kansas City reported another boom in farm country, with farmland values up around 20 percent or more in the Great Plains and the Midwestern corn belt in the first quarter of the year.
Read all about it, from the St. Louis Post-Dispatch: http://www.stltoday.com/business/local/farmland-values-shoot-up-again-is-this-a-bubble/article_860248ae-a12e-11e1-9ccd-0019bb30f31a.html#ixzz1vWVMR5Ls